View more on these topics

Sheffield Mutual chief exec elected VP of AFS

Sheffield Mutual Friendly Society chief executive Andrew Townsley has been elected vice president of the Association of Friendly Societies.

He will continue his role on the executive committee, responsible for running the AFS and promoting the movement and tax-free savings that friendlies can offer.

The vote was cast by members of the AFS and will see Townsley taking part in conferences, seminars, and working parties on behalf of members and providing avenues for the interests of individual societies to be heard by a wider audience. His period of office will run for a year until October 2007.

The AFS is the official representative body for UK friendly societies, providing representation to government and regulators on the collective interests of its members and seeking to create change to protect and develop these interests.

Friendly societies are mutual organisations providing a wide range of savings, assurance, insurance and healthcare products, often tax-free, offering investment and protection to people in all walks of life.

Townsley says: “I am extremely honoured to be elected to the vice presidency of the AFS and look forward to being a part of the executive committee in the forthcoming year.

The Association exists to help its members meet the challenges of the modern day financial services industry and to promote the diversity and benefits of a movement that has existed for centuries.

One of my key aims will be to increase the profile of friendly societies and the tax savings they can offer. Consumers tend to be aware of tax saving opportunities available via Isas, but are not aware of the £25 a month in additional tax savings that only friendly societies offer.”

Recommended

Gym’ll fix it

PruHealth sales director Dave Priestley says PMI providers must move towards incentives for a healthy lifestyle

China in your hands

It seems that Jupiter is going from strength to strength and adding talent faster than Chelsea Football Club. Richard Curling has come in from Deutsche to run the smaller companies fund and Simon Somerville came from Cazenove to run the new Japan income fund which, despite a torrid year for Japan, is at least up […]

Carrot soup

Our panel debate whether there could be problems over firms offering incentives for staff to quit final-salary schemes

‘High exit fees unimportant if deal is good’

High exit fees are not a problem as long as the mortgage itself is good value, says John Charcol senior technical director Ray Boulger. He believes that a good deal will often mean an exit fee will not be triggered as the borrower will stay with the lender. Boulger’s comments come after new lender ING […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com